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1.  Calculate the price of a 5.4 percent coupon bond with 10 years left to maturity and a market interest rate of 5.0 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations and round your final answer to 2 decimal places.)


  Bond price $   
Is this a discount or premium bond?
Discount bond

Premium bond


2.  What?s the current yield of a 4.20 percent coupon corporate bond quoted at a price of 101.78?



3. What?s the taxable equivalent yield on a municipal bond with a yield to maturity of 3.8 percent for an investor in the 28 percent marginal tax bracket?


4.  A client in the 37 percent marginal tax bracket is comparing a municipal bond that offers a 5.70 percent yield to maturity and a similar-risk corporate bond that offers a 7.05 percent yield.

  
Determine the equivalent taxable yield. (Round your answer to 2 decimal places.)
  
  Equivalent taxable yield  %  
  
Which bond will give the client more profit after taxes?
 
Municipal bond

Corporate bond



5.  A 7.50 percent coupon bond with 13 years left to maturity is priced to offer a 8.2 percent yield to maturity. You believe that in one year, the yield to maturity will be 7.8 percent. What is the change in price the bond will experience in dollars? 




1. Calculate the price of a 5.4 percent coupon bond with 10 years left to maturity and a market interest

 

rate of 5.0 percent. (Assume interest payments are semiannual.) (Do not round intermediate...

 


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